Most stocks are breaking down out of their patterns, with the exception of select commodity sectors, PMs in particular but also uranium. This is completely normal price action for PDN, still well within the pattern. We could see 0.73 on Monday which will be the final portion of my position, 0.67 stop-loss seems logical to me.
The vertical dotted line is 2/3 of the time duration of the pennant which is when most stocks break out. PMs and uranium will bounce hard out of this.
This is exciting times, I've been waiting for this for a long time, huge sector rotation out of tech/growth/risk-on.
good luck all
Most stocks are breaking down out of their patterns, with the...
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Last
$11.43 |
Change
0.090(0.79%) |
Mkt cap ! $3.417B | |||
| Open | High | Low | Value | Volume |
| $11.35 | $11.58 | $11.16 | $24.03M | 2.107M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 164 | $11.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.45 | 6746 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |